According to the Dual Process Theory of cognition, which of the following statements are correct?

Question

Answer

System 1 (the intuitive system) is automatic, fast, and largely unconscious.

Answer

The intuitive system always produces the correct answer, even in modern financial decisions.

Answer

People spend roughly 95% of their time under the control of the intuitive system.

Answer

System 2 (the reasoning system) is deliberate, effortful, and energy-expensive, which is why the brain relies on it only when needed.

Crowdly